Bill > SB0368

This bill amends Tennessee's property tax relief program for disabled veterans by removing previous limitations on market value and instead mandating full reimbursement for local property taxes on a disabled veteran's primary residence. Currently, there may have been a cap on how much property tax relief a disabled veteran could receive, but this legislation would require the state to pay the entire property tax bill for eligible disabled veterans on their home. The change means that disabled veterans will no longer have a limit on the amount of property tax relief they can receive, ensuring they are fully compensated for local property taxes on their primary residence. The bill will take effect on July 1, 2025, and will apply to tax years beginning on or after that date, providing a clear timeline for implementation of this expanded property tax relief program.

Budget and Finance, Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0368&ga=114